The distribution agreement is an extension of the TPI real-time and end-of-day data already available through Thomson Reuters services. According to the two firms, the new offering was created in response to the important role that historical tick-based data plays in automated and algorithmic trading as well as trade validation.

Financial institutions’ accounting and compliance functions use tick-based price data from independent providers for trade validation by comparing the bid-offer range of the instrument to the execution price at the time of the trade. Algorithmic and quantitative trading desks can use the data to back-test their financial models.

“We view this as an important initiative in that market participants can streamline the process of accessing tick-based data. We will continue to work with Thomson Reuters to expand the range of TPI content available on the RDTH platform,” said Mike Kirby, head of TPI, Americas.